.DJUSMT Dow Jones U.S. Marine Transportation Index
- 388.720
- -0.560-0.14%
Age of Discovery: High freight rates seem to be eroding global growth
Abstract 1. Global shipping seems to be starting a new round of Jugla cycle. BDI has already set a new high in 13 years 2. The sharp rise in shipping prices should be closely related to demand: 1) Looking at the current compound annualized growth rate of global imports and exports in the past two years, the annualized growth rate in June this year was over 6%; 2) However, the pace of shipbuilding is slow. Judging from known data (container ship capacity), the annualized rate of increase in capacity is only about 3%. 3. However, the sharp rise in shipping prices is not entirely related to demand: 1) Although the current global import and export volume/capacity is high, it is not extremely high
Shipping prices took a big dive, falling to a 3-month increase in 3 days! Expert: Will gradually return to rationality
Why are freight rates in the US and Western United States adjusted? How will shipping prices go in the future? A number of industry experts and practitioners said that this price correction is a normal phenomenon. As the cyclical nature of orders decreases and shipping capacity increases, shipping prices may gradually return to a rational level.
Container freight rates from China to the US have soared tenfold. Shipping companies: grab boxes like train tickets for the Spring Festival travel season
The demand is strong and the sea freight is skyrocketing! The revenue of the global shipping industry has reached its highest level since 2008.
As the economy recovers, global demand for goods and raw materials continues to rise, and shipping demand surges. However, due to the collapse of the supply chain under the weight of the epidemic, port congestion, ship delays and other problems, there is a serious shortage of ship supply. This shortage of demand has greatly pushed up global sea freight rates, and has also led the global shipping industry to make a lot of money in recent months, with daily earnings reaching their highest level since 2008. According to Bloomberg, citing data from the Clarkson Institute (Clarkson Research Services), a British shipbuilding and shipping market analyst, the global shipping industry earns average daily earnings in August.
A wave of rising freight rates swept the world, and the shipping industry recorded its biggest daily earnings in 13 years
As demand for commodities increased and global supply chains collapsed under the weight of the pandemic, freight rates continued to rise, and the global shipping industry recorded its biggest daily earnings since 2008.
Is there a drama about “sky-high shipping” cooling? The maritime regulators of China, the US and Europe held a meeting
The global shipping industry, which has experienced unprecedented difficulties, may be dawning. On September 8, according to the official website of the US Federal Maritime Commission (FMC), maritime regulators from China, the United States and the European Union held the Global Shipping Regulation Summit. According to reports, the conference discussed a number of issues that have received much attention: 1. After the COVID-19 outbreak, the analysis of demand and supply related to international shipping, the difficulties currently faced by the shipping industry, and the reasons why the shipping industry was affected. 2. To date, the response actions taken by the relevant jurisdictions and management authorities in response to the aforementioned incident and their results. 3. What kind of measures may be taken in the future to make the shipping industry heavy